Good MorningEquity markets started the week off sour, falling on the first trading day. The S&P 500 shed about 0.30% as traders and investors brace for a dose of reality. That will come on Friday with the latest read on PCE prices. The PCE price index is expected to cool compared to the prior month and year but not sufficiently to allow a rate cut soon. The best-case scenario is that inflation continues to fall over the next two to three months and paves the way for a single 25 basis point cut later this year.
The impact on the market may be minimal. Inflation is slowing, and economic resilience is evident, which could increase the market indefinitely, given earnings growth in corporate America. The real question is what guidance will be provided for the 2nd half. The onset of the Q2 earnings reporting season is also near and will better indicate market direction. As it is, average investors believe that earnings will continue to grow through the end of next year. A change in that outlook will bring the market crashing down. Featured: "Trump Loophole" Beats Inflation? (Colonial Metals) 
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Tech | | | The 2nd quarter and first half of 2024 are rapidly coming to a close, setting the market up for its summer adventure. The latest read on earnings expectations is positive and suggests the market will continue to rise. Not only are S&P 500 (NYSEARCA: SPY) earnings expected to accelerate from th... Read the Full Story >> |
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Stocks | | | Asian stocks rose Tuesday after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied.U.S. futures were higher while oil prices were little changed.Japan's benchmark Nikkei 225 surged 1% to 39,190.97 after data from the Bank of Japan ... Read the Full Story >> |
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Markets | | | World stocks were mixed Tuesday after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied.The future for the Dow Jones Industrial Average was little changed while futures for the S&P 500 edged down less than 0.1%.European market... Read the Full Story >> |
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Markets | | | Meme stocks like GameStop are hot again, reviving memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets. The online brokerage was especially popular among younger generations helped propel the meme stock boom until it became so overwhe... Read the Full Story >> |
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Markets | | | MicroAlgo Inc. (NASDAQ: MLGO) has captured the attention of investors and analysts with a 200% surge in its stock price. This dramatic increase coincided with a shareholder update and MicroAlgo’s news of a significant investment by Masaya Otsuka. This surge has prompted MicroAlgo’s a... Read the Full Story >> |
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Markets | | | American integrated steel producer United States Steel Co. (NYSE: X) lowered its adjusted Q2 EBITDA guidance on June 17, 2024. However, the stock reaction was minimal, as shares continued to chop around in a tight range. Investors are waiting for the Japanese steel producer Nippon Steel's acquisit... Read the Full Story >> |
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Markets | | | Software development platform provider GitLab Inc. (NASDAQ: GTLB) stock is in a slump, trading down 30% year-to-date (YTD) and nearing 52-week lows. While the artificial intelligence (AI) trend is causing AI-related stocks to surge, GitLab stock has clearly been left out. The company has been a ... Read the Full Story >> |
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Markets | | | The artificial intelligence (AI) revolution is sparking the growth of data centers. Data centers require lots of power and stable backup power to operate efficiently. Data Centers now consume nearly 3% of global electricity. Bloom Energy Co. (NYSE: BE) is a clean energy solutions provider sellin... Read the Full Story >> |
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Markets | | | Open markets and green technologies are vital for stabilizing global growth, China's premier said Tuesday, while criticizing trade tensions as he opened a conference in northeastern China.Premier Li Qiang told political and business leaders attending the World Economic Forum Annual Meeting of the Ne... Read the Full Story >> |
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Markets | | | The letter from the insurance company arrived just before Brian and Morgan Gobba finally finished construction on their new house: Their homeowner's policy was being canceled. The Gobbas were among the first families to return to Paradise after the 2018 Camp Fire killed 85 people and destroyed 90% o... Read the Full Story >> |
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Tuesday's Early Bird Stock Of The Day Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; wireless local area network ... | Should I Buy Broadcom Stock? AVGO Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Broadcom was last updated on Tuesday, June 11, 2024 at 6:57 PM. Pros- Broadcom's stock price has shown consistent growth over the past year, indicating a positive trend for potential returns.
- The company has a strong presence in the semiconductor industry, offering stability and growth opportunities in a high-demand sector.
- Recent acquisitions by Broadcom have expanded its product portfolio and market reach, enhancing its competitive position.
- Broadcom's focus on developing advanced semiconductor devices positions it well to capitalize on emerging technologies like 5G and IoT.
- The company's partnerships with key industry players provide strategic advantages and potential for further growth.
Cons- Fluctuations in global semiconductor demand and supply chain disruptions could impact Broadcom's revenue and profitability.
- Regulatory challenges in the semiconductor industry may pose risks to Broadcom's operations and market expansion.
- Intense competition in the semiconductor market could pressure Broadcom's margins and market share.
- Economic uncertainties and geopolitical tensions may affect Broadcom's international business operations and revenue streams.
- Dependency on a few key customers for a significant portion of revenue could expose Broadcom to risks associated with customer concentration.
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